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20121208
20121208
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to add jobs in november, despite worries about a looming fiscal cliff in washington and the effects of a k perstorm in the northeast. >> thank you very much. or reporter: at chobani, the greek yogurt maker based in new york, c.e.o. hamdi ulukaya has been hiring. how many employees do you have? >> close to 2,000. >> reporter: the turkish-born ulukaya started chobani just four years ago. since then, greek yogurt sales re g exploded. chobani is now nearly a billion- dollar business. >> think we're going to be over 5,000 to 6,000 people by five years. >> reporter: so another 3,000 or ll000. th yeah. >> reporter: nationally job f owth has been steady but slow. so far in 2012 the economy has added an average of 151,000 jobs a month. >> we are creating more jobs but the pace of that hasn't really thanged much in the last two years. >> reporter: this chief investment strategist with the the blackrock says the economy is caught in a circle. >> one reason the job market isn't better is consumers aren't spending and the reason consumers aren't spending is etcause the job market isn't i wier. t
story this morning. jobs. the economy and the rocky negotiations to avoid that fiscal cliff. let's start with the good news the slowly improving unemployment numbers. in november the nation added 146,000 jobs and the unemployment rate dipped to 7.7%, the lowest in nearly four years. so what's behind this improvement and what impact could it have on the overall economy and the fiscal cliff talks? we have some answers with the chief investment analyst at charles swhaub. >> were you surprised by these numbers? >> the payroll survey which is where we get the jobs created is generally a large company survey. so it may not pick up where the jobs were lost from the hurricane. the problem too is although the headline was positive the prior couple of months were revised down by a similar amount. i would say the report in general was about a neutral. >> also the fact the one employment rate dropped to 7.4% had a lot to do with fact people gave up looking for work. >> that's the rub. the headline is good. a big part of that reason is that over 300,000 people dropped
of the fiscal cliff fast approaching, only 25 days, going over it threatens to ruin the holidays for millions of americans. danielle nottingham says republicans are waiting for the president to make the next move. >> vice president joe biden at lunch with middle class americans who will take a $200,000 hit if their tax cuts expire. >> this is no time to add any additional burden on middle class people. >> while the white house is pushing congress to renew middle class tax cuts, the president says he won't take any deal that won't extend tax cuts for the wealthiest americans. >> it will take 15 minutes from the time the decision is made by the speaker of the house to pass and make permanent middle class tax cut. >> reporter: both parties are leaving the talks to president obama and house speaker john boehner. here on capital hill, boehner says he is still waiting for the white house to respond to the latest gop proposal. >> this isn't a progress report because there's no progress to report. >> republicans are offering to extend tax breaks for all americans, close tax loopholes and cut nearly $
Search Results 0 to 2 of about 3